Statoil suspends two North Sea oil rigs
Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity. More »
Statoil projects big returns from massive North Sea oil field
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day. More »
Statoil suffers first loss on oil-sands project, crude drop
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices. More »
Hess announces plans to proceed with $6 billion Gulf project
The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry. More »
Oil companies want more time for Arctic drilling
Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical. More »
BG Group appoints Statoil CEO to end leadership void
BG’s new appointment may end a turbulent three-year period where the company’s stock dropped 35 percent. More »
Statoil announces Tanzania gas discovery
The Norwegian energy company has had a presence in Tanzania since 2007. More »
Statoil sells stake in Azerbaijan gas project
Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion. More »
Ethanol companies raided in EU benchmarks antitrust case
The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts. More »
Statoil, partners expand effort to put flared natural gas to use
Statoil, GE and Ferus Natural Gas are expanding use of technology designed to fuel oil field equipment with natural gas that otherwise would be flared off into the atmosphere. More »
Tanzania’s energy minister says his African nation seeks U.S. partnership
The energy minister for Tanzania is in Houston seeking oil and gas investment in the East African nation. More »
Talisman, Statoil not selling Eagle Ford acreage
Talisman Energy and Statoil ASA’s effort to sell their joint venture in the Eagle Ford Shale has ended after offers came in lower than expected, Bloomberg News is reporting. Bloomberg reports. More »
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